PSEi drops sharply as peso returns to weaker levels, August 13, 2026

Philippine financial markets ended lower on Thursday as stocks gave up much of the previous session’s gains while the peso weakened against the US dollar.

Philippine financial markets ended lower on Thursday, August 13, 2026, as both the stock market and the peso retreated following gains in the previous trading session.

The Philippine Stock Exchange index (PSEi) dropped 78.39 points, or 1.23%, to close at 6,288.25, giving up the gains recorded in the previous trading session. The index slipped below the 6,300 level, suggesting the market lost momentum after climbing further above the threshold in the previous session.

Peso returns to weaker levels

The Philippine peso weakened, losing over 16 centavos to close at ₱61.343 against the US dollar, giving up the modest recovery recorded in the previous trading session.

The local currency reached an intraday high of ₱61.44, around 3 centavos weaker than the previous session’s rate, keeping the peso within the ₱61 range amid renewed pressure.

Thursday’s session reflected weaker sentiment across Philippine financial markets. Local equities posted their sharpest decline in recent sessions and fell back below 6,300, while the peso also surrendered its latest recovery and returned to a weaker level against the US dollar.

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